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By G C. Kiel, G J. Nicholson

Corporate governance has never been more topical. A glance at any major newspaper or business publication will reveal a litany of corporate failures based upon the governance of the organisations involved (eg Byrne, 2002; Hayes, 2002; The Economist, 2002). The increased compliance requirements and speculative nature of our industry means that corporate governance systems are, if anything, more important than in the general business community (Arthur, 2001). Rather than focus exclusively on the contribution of governance to corporate failure within the mining industry, however, our objective in this paper is to examine how boards can add value to the corporations that they govern. In order to highlight how a board can add value to a company, we commence by outlining the role of the board in the modern corporation in general and the mining industry in particular. We then introduce the concept of shareholder value and identify the steps on which a board needs to focus to enhance shareholder value through value tracking processes. Our discussion pays particular attention to the importance of organisational culture to the companyÆs activities and utilises three case studies from the mining industry. We conclude with an overview of what mining boards can do to enhance their culture and drive performance changes for the benefit of the companies they govern.

Jan 1, 2002

The word "mine" means different things to different people. To a professional in the mining industry, it may mean trucks and shovels, overburden dumps, headframes, mill buildings, and the other conventional nuts and bolts that constitute an operating mine. To an environmental- ist it may mean bulldozed trees and tailings dams. To a mining engineer who has spent a significant proportion of his career in mine and prospect evaluation, it can mean a hole in the ground with a liar at the top. The liar in this case is frequently not so through design but through ignorance. The purpose of this paper is to contribute in a small way to en- lightening that ignorance. In doing so, it will foster more effective deployment of the pool of risk capital available to the industry.

Jan 1, 1982

By Carter D

The Chairman of this afternoon's session is Dick Carter. This afternoon is the culmination of this conference. We've looked in the first session at regulation; in the second session at valuation techniques and this session we look at valuation in practice. Dick's involvement in the mineral industry has been wide ranging and distinguished. Dick has worked with BHP since 1960, when he joined BHP Steel as a commercial trainee. Dick holds a B.Comm. from the Newcastle University College of the University of New South Wales and was educated at the Australian Administrative Staff College and Harvard Business School Advanced Management Programme. During the past decade, he has headed the minerals group's Aluminium Divison, Resource Planning and Development, Non-Ferrous Metals and Business Development Organisations. Dick currently serves as Executive Director of BHP Gold Mines Limited and Managing Director of Ok Tedi Mining Limited. His experience covers Australian Manganese Company, Mineral Deposits Limited, Northern Rivers Rutile, Tasmanian Electrometallurgical Company Limited, Mount Newman Joint Venture, Worsley Aluminium and Carnilya Hill Joint Venture Operating Committee. His industry associations include the Executive Board of the Gold Producers Association, the Federal Executive of the Australian Goldmining Industry Council as well as the World Gold Council. Ladies and gentlemen, Dick Carter.

Jan 1, 1989

By Rowe P, Rogers D, Warren M

Pressure cyanidation of the minus 10 micron slimes fraction of the Fimiston flotation concentrates for the recovery of gold values has been evaluated as an alternative processing route to the roasting and atmospheric cyanide leaching of the calcine. Laboratory and pilot trials have demonstrated that gold extractions of greater than 94 per cent can be achieved at cyanide consumptions of 12-24 kg/t and oxygen consumptions of 0.1-0.3 Nm3/t with total pressures of 1000-2000 kPa. Economic and operational assessment of several reactor configurations suggests autoclaves may be preferred over pipe reactors at treatment rates of 10 t concentrate/h.

Jan 1, 1996

Despite improving technology, better training and the use of modern monitoring and communication systems there is a disproportionate rate of diameter occurrences in the mining industry. The use of appropriate plans and a practical approach and managing risk can reduce the number of occurrences and ensure better control of emerging situations when they do Occur.

Jan 1, 1998

The limitations of the conventional practices, and their effects, in prospecting for and in the evaluation of alluvial gold deposits are briefly reviewed. Geophysical prospecting methods have demonstrated their complementary role in the delineation of deposits by reducing the number of boreholes which are primarily of a 'probing' type. Larger diameter boreholes, although more expensive on a linear basis, are much cheaper on a volume recovered basis. The need to have sufficient volume as well as number of samples is stressed. Classical statistical methods are not appropriate for such deposits as there is sufficient structure, or spatial correlation, to require the application of geostatistics. Quite reliable semi-variograms, but not in all cases, of the spherical scheme have been obtained. Subsequent kriging has, to date, been confined to unworked deposits: retrospective estimates to compare to production have not therefore been produced. However, the technique shows promise but indicates a considerably greater borehole density (of the conventional diameter) may be necessary to produce confident estimates. Used in conjunction with larger diameter boreholes, a lesser borehole density may be sufficient, through radical reductions of the sampling error.

Jan 1, 1977

The mining industry in common with the rest of Australian industry is in the critical situation of facing a rapidly diminishing insurance market. Huge industrial complexes and massive mining risks with limits of liability of millions upon millions of dollars are becoming increasingly difficult to insure. Insurance underwriters are still reeling from the financial shocks of cyclones, floods and fires in Australia over the past couple of years. Risk Management which calls for manage- ment involvement in the control of losses offers a serious challenge to miners, industrialists and insurance underwriters alike. Without it the insurance market could disappear altogether.

Jan 1, 1975

Exploration of a coal deposit provides the data on which a range of mine plans can be developed during project feasibility. The stages of exploration use methods and procedures which initially outline the deposit with more detailed data gathering and analysis of the specific site complexities. The in situ coal resource and reserves are calculated. The mine plan is a function of the mining method chosen and can have significant impact on the recoverable reserves. Other factors which can impact on the recovery of the reserves and the ability to maintain planned production levels are those which were either undetected during exploration or were misinterpreted. Exploration programs should be detailed enough to minimise to an acceptable standard the recognised and potential risks. Past programs which explored to achieve a minimum exploration density required to satisfy measured reserve status have generally proven to be inadequate, placing reserves and production at risk.

Jan 1, 1997

And it takes more than good organisation. You may read or heard this poignant reflection: We tried hard, but it seemed that every time we were beginning to form up in teams we would be reorganised. I was to learn later in life that we tend to meet any new situation by re-organising, and a wonderful method this is for creating the illusion of progress while producing confusion, inefficiency, and demoralisation This was written by the Roman Gaius Petronius in AD65. How much have things changed in nearly 2,000 years? What then does it take besides the fundamentals and good organisation to build a successful career in a successful organisation? I'm prepared to venture a list of what I'll'call Tips for Young Professionals. If you've got what it takes, and apply these, I think that you'll gain a great deal of satisfaction from your career, even if you don't reach the distant target each of you should have in mind now. So settle back in an advice-receiving mode, and please forgive me if I come across as a master of the bleedin' obvious, as Basil once accused his wife Sybil of being in the unforgettable Fawlty Towers.

Jan 1, 1990

In general the iron ore industry has been slow to adopt the Whittle Pit optimising software in the evaluation of iron ore deposits. The reasons for this are two-fold:the iron ore industry has developed techniques, usually bespoke software residing in the corporate offices of the respective iron ore companies, to establish their final pit limits; and the fact that the Whittle software doesnÆt easily lend itself to estimating a sales product of constant quality without maximising grade (metal content). The Whittle software is based on the work done by Lerch and Grossman (in the early 1970s), which proposed that graph theory be used to establish an optimal surface that maximises the revenue from a deposit. The maximised surface created in the pit optimiser is translated into a proposed optimal final pit shape that can be used by the mine design engineers as a target outline to lay out the final practical pit. By treating a geological and ore resources model that was created for an iron ore deposit as a subset of the recoverable resources estimation (RRE) type of geological models, the evaluation of an iron ore deposit and establishing the final pit is greatly simplified in the Whittle 4-X optimiser. Instead of trying to optimise the iron content of the deposit, the emphasis swings to maximising the extraction of a finished and saleable iron ore product. This is achieved by treating the finished saleable iron ore as an element in the multi-element Whittle optimiser. The quality of the finished sales product is represented, and the material that cannot be used in the blended product is also shown. Proposals for enhancing the functionality in the Whittle 4-X optimiser to make the evaluation of iron (and coal) deposits easier includes the creation of a new reporting function that will allow the user to specify which field(s) can be used as the divisor(s) for the reporting of the element grades in the model.

Jan 1, 2007

By Baafi E. Y

In this paper, impact of expert systems development is examined from the coal mining point of view. Some introductory concepts about expert systems are explained with a view to identifying possible beneficial applications of expert systems in coal Mining.

Jan 1, 1988

Between, 1980 and 1984, the demand for non- ferrous metals in the free world grew annually by 1.5 per cent for copper, 0.4 per cent for lead, 1.4 per cent for zinc, and 2.5 per cent for nickel. The growth rate decreased substantially compared to the rate experienced before 1980, and was far lower than the GNP growth during the corresponding period. The main reasons for this are considered to be 1. resource-saving efforts by industrialized countries resulting from the first and the second oil crises, 2. saturated demand for durable consumer goods, and 3. substitution of non-ferrous metals by new materials such as optical fibers.

Jan 1, 1986

By Miskelly N

In Australia and New Zealand, the 'Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves', which was released by industry in 1989, is operating successfully in a co-operative approach between industry and regulatory authorities. Similar codes or guidelines exist or are under development in the United States of America, Canada, the United Kingdom and South Africa, although the regulatory backing given to the Australasian Code is unique. International standard definitions for Mineral Resources and Reserves, and for categories of Resources and Reserves, have been under development by the Council of Mining and Metallurgical Institutions since 1994 and have already stimulated considerable convergence of definitions and reporting standards in participating countries. It is hoped that agreement on this international standard for public reporting by mining companies will be reached within the next two years, and it is expected that adoption of the standard will result in a higher and more uniform quality of reporting worldwide, with a consequently greater interest on the part of the general public and financiers in investing in the mining industry.

Jan 1, 1997

By G W. Wilson, P Ritchie, N A. Currey

The design and rehabilitation of potentially acid forming (PAF) waste rock dumps is site specific, being a function, among other factors, of the rock types, the dumping and storage method employed, and the climatic setting. The æstore and releaseÆ cover system developed to manage acid rock drainage (ARD) from mineralised waste rock dumps at Kidston Gold MinesÆ open pit operations in the semi-arid climate of North Queensland, Australia, has been monitored for seven years. The paper describes the philosophy behind the design of the PAF dump and æstore and releaseÆ cover system and the adaptation of the cover system over time to suit KidstonÆs conditions. The results of monitoring over the seven years since the first cover was constructed are presented, and the approach being taken at Kidston to ensure that the risk of impacts from any residual ARD is accommodated and to facilitate lease surrender are described. The Kidston story is a valuable case study of a successful approach to remediating an identified source of ARD in a semi-arid climate, which has actively engaged all Stakeholders.

Jan 1, 2003

By T J. Sheer

Water vapour refrigeration (systems using water as the refrigerant) could potentially be used to provide chilled water at underground locations in mines, as an alternative to conventional refrigerators using refrigerants such as R-134a. The use of water as both the primary and secondary refrigerants is attractive in concept since direct-contact heat exchangers could be used, yielding higher coefficients of performance. The disadvantage of water is the very high specific volume of the vapour at low pressures, which leads to great challenges in compressor design, as has been reported previously in the context of slurry-ice plants for mine applications (Ophir and Koren, 1999). Steam ejectors have long been known as alternative compression devices for refrigerators, but no work has been done previously on the possibility of using ejectors powered by high-pressure water, which is readily available in mines from long pipe columns in vertical shafts. This paper presents the results of a laboratory investigation into the use of high-pressure water as the motive fluid in an ejector refrigerator. No previously reported liquid ejector system has achieved subcooling of the process fluid, ie a reduction in fluid temperature within the evaporator to a level below that of the motive fluid. In contrast, the present work demonstrated that subcooling could occur at motive water pressures above 5 MPa. Mine cooling applications were considered and it was concluded that while this concept would not be feasible as a mine-wide cooling source, there could be specialised applications where it would be beneficial. One application would be to cool backfill and thereby reduce the heat load at the working face. In this case the best performance would be achieved by using the ejector in combination with an energy recovery system such as a Pelton turbine or a three-chamber pipe feeder.

Jan 1, 2005

By Teague JK, Read HW

The relationship between the maceral composition of coal and the strength of the coke produced from that coal has received a great deal of attention in recent years. Studies using two Bulli Seam coals, and blends of Bulli and Wongawilli Seam coals, from the Illawarra Measures of the Southern Coalfield of New South Wales were carried out. The optimum range of vitrinite was found to lie between 45% and 60% (mineral matter free). Above and below this vitrinite range coke strength deteriorated. I Coke strength indices increased with rank and the optimum vitrinite content increased with an increase in rank. These changes will require confirmation as trends by testing a third level of rank. It was noted that vitrinite content decreased with an increase in the specific gravity of separation of the coal. . T Use of- petrographic analyses will increase confidence in choosing coals for coking, provided the coals are well known. Such analyses offer the possibility of greater flexibility in coal purchases and the possibility of producing a marketable blend from coals, which have limited market potential. Critical base coals for blends can be conserved. Significantly more work is required before coal reserves can be utilised to optimum advantage. This work would require extension of-the studies discussed in this paper and, in particular, the testing of a wider range of rank.

Jan 1, 1970

By H R. Phillips

The ventilation and refrigeration design of underground mines is an important aspect, when new or existing mines are considered and places a great responsibility on engineers tasked to do so. The current trend for both local and international underground mines is to extend their search for valuable ore reserves deeper below surface. In South Africa, the predictions are that about 40 kt of actual gold still lies in situ, ready for extraction. As mines extend their search for minerals of economic value deeper and deeper into the earthÆs crust, ventilation and refrigeration aspects of such mines become more prominent than before. The planning and design of the required ventilation and refrigeration within these mines, over their expected lifetime is important including the practical implications of such designs. Technology changes and improvements need to be incorporated into ventilation and refrigeration designs, where possible and advances in this specialised field explored. This paper explores ventilation and refrigeration design aspects within the underground mine sphere. Aspects such as mining depth, virgin rock temperature (VRT), mining methods, and different cooling applications available including ventilation supply are reviewed in design applications. Heat generally becomes a significant aspect to counter in these mines and they are not always necessarily deep mines.

Jan 1, 2005

Obvious differences in mineral deposit types occurring in Outer Melanesia and Northern Chile can be related to the sub- marine-dominated nature of volcanism in the' former area and the subaerial-dominated nature in the latter area. Subtle variations in subvolcanic epithermal-porphyry ore systems between the two areas probably result from differing ore fluid compositions. Hydrother- mal convection cells in Outer Melanesia will be seawater-dominated, consequently rela- tively high salinities and chlorine contents will characterise the ore solutions. Trans- portation of metals as chloride complexes is likely and the ease of seawater sulphate reduction to sulphide in the ore systems will lead to widespread, sparse dissemination of sulphide minerals. Relatively low grade por- phyry copper deposits will typify these ore systems. In Northern Chile hydrothermal convection cells will usually be dominated by meteoric waters. Consequently ore fluid salinities are likely to be lower and chlorine will be less abundant. Under these circum- stances transport of ore metals as bisulphide complexes could be important. Boiling and loss of H2S gas from these fluids would lead to rapid precipitation of metals and higher grade deposits. Erosion rate is a very important factor in the preservation of ore deposits and this may be the major control on the richness of a metallogenic province. The abundance of mineral deposits in the El Salvador region of Northern Chile compared to Fiji is probably a function of the much lower rates of erosion in the former area.

Jan 1, 1987

I am honoured, deeply honoured, that so distinguished a group has assembled to acknowledge the signifi- cance of the work of my Melbourne flotation research laboratory, to review progress since Principles of Flotation (Wark, 1938) was published, to highlight the present state of knowledge, and to point the way for future research. The flotation research which began in 1929 was sponsored by a group of mining companies2 at the instigation of Harry Hey of the Electrolytic Zinc Company of Australasia Limited. There were never more than three of us work- ing in rather cramped conditions in a laboratory made available by the Department of Chemistry at the Uni- versity of Melbourne, but what we lacked in space was more than offset by a freedom unparalleled in indus- trial research in Australia at that time. I pay special tribute to my first colleague, Alwyn Cox; to my wife who worked with us for several years; and to Keith Sutherland who followed Cox in 1936. They were my sole colleagues up to 1938 when Principles of Flo- tation (Wark, 1938) was published.

Jan 1, 1984

By Lumley G. I, Hayes H

Non-intrusive methods for the reliable determination of dragline bucket and rigging performance have been achieved using physical modelling. Modelling offers a logical first step towards developing mathematical simulation models. The process of physical modelling has been applied successfully to predict dragline bucket performance and capacity as well as to demonstrate the effect of varying dump rope length on performance. ACIRL's Surface Miming Group has used physical modelling to carry out dragline bucket sizing for a new high productivity bucket and compared performance with Throng Coal's existing dragline bucket. The predicted bucket performance has since been confirmed in the field using dragline monitoring techniques.

Jan 1, 1992